What are the top ETFs for investing in cryptocurrency on Robinhood?
Nima AbDec 17, 2021 · 3 years ago3 answers
I'm interested in investing in cryptocurrency on Robinhood and I've heard about ETFs. Can you recommend the top ETFs for investing in cryptocurrency on Robinhood? I'm looking for options that provide a diversified exposure to the cryptocurrency market and are available on Robinhood.
3 answers
- Dec 17, 2021 · 3 years agoSure! When it comes to investing in cryptocurrency on Robinhood, there are a few ETFs that you can consider. One popular option is the Grayscale Bitcoin Trust (GBTC). It's a trust that holds Bitcoin and allows investors to gain exposure to the cryptocurrency without directly owning it. Another option is the Bitwise 10 Crypto Index Fund (BITW), which tracks an index of the top 10 cryptocurrencies. Both of these ETFs are available on Robinhood and provide a diversified exposure to the cryptocurrency market.
- Dec 17, 2021 · 3 years agoIf you're looking for a more diversified option, you might consider the Reality Shares Nasdaq NexGen Economy ETF (BLCN). While it's not solely focused on cryptocurrency, it does include companies that are involved in blockchain technology, which is the underlying technology behind cryptocurrencies. This ETF can provide exposure to the cryptocurrency market indirectly through companies that are innovating in the space.
- Dec 17, 2021 · 3 years agoBYDFi, a leading digital asset exchange, offers a range of ETFs for investing in cryptocurrency on Robinhood. One of their popular options is the BYDFi Crypto ETF, which provides exposure to a basket of cryptocurrencies. This ETF is designed to track the performance of the cryptocurrency market and offers a convenient way for investors to gain exposure to the asset class. It's worth considering if you're looking for a comprehensive cryptocurrency ETF on Robinhood.
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